Samhi Hotels IPO Subscribed Over 5% On First Day; All You Need To Know About Share Price, GMP, Review And Other Details

The initial public offering (IPO) of Samhi Hotels saw a tepid response from investors with only 5% subscription on the first day of its bidding on September 14 so far. The issue will close for bidding on Monday, September 18.

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The retail portion of the issue was booked over 25%, non-institutional investors (NII) portion was subscribed 1%, and Qualified Institutional Buyers (QIB) did not receive any subscription so far.

According to data available on BSE, Samhi Hotels IPO received bids for 31,33,032 shares against 6,25,29,831 shares on offer, till 2:50 pm IST, September 14.

The retail investors' portion received bids for 28,78,015 shares against 1,14,34,033 shares on offer for this segment. The non-institutional investors' portion received bids for 2,53,113 shares against 1,71,51,050 on offer for this segment. The QIB portion received bids for 1,904 shares against 3,39,44,748 on offer for this segment.

The company has set the price band in the range between ₹119 to ₹126 per equity share of face value of ₹1 each. Their objective is to generate ₹1,370.10 crore through this public offering, with ₹1,200 crore being targeted through a fresh issue, while the remaining ₹170.10 crore is anticipated to come from the OFS (offer for sale) route.

The Gurguram-based company proposes to utilise net proceeds of the fresh issue towards payment of debt and for general corporate purposes. JM Financial and Kotak Mahindra Capital Company are the book running lead managers for the IPO, while Kfin Technologies is the IPO registrar.

The allotment of shares will tentatively take place on Friday, September 22. Those allotted shares will get them in their Demat accounts on Tuesday, September 26. The refund process for those who did not get shares will begin on Monday, September 25. Samhi Hotel IPO shares will be listed on NSE and BSE on Wednesday, September 27.

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Samhi Hotels IPO GMP Today

Today's grey market premium (GMP) for the Samhi IPO stands at +16, reflecting an increase from the +14 recorded during the previous trading session. Taking into account the upper end of the IPO price range and the current grey market premium, the anticipated listing price for Samhi Hotels shares is ₹142 per share. This represents a 12.7% increase over the IPO price of ₹126.